44-1-6. Agreement to create lien on future interest--Attachment of lien.
An agreement may be made to create a lien upon property not yet acquired by the party agreeing to give the lien, or not yet in existence. In such case the lien agreed for attaches from the time when the party agreeing to give it acquires an interest in the property and to the extent of such interest.
Source: CivC 1877, §1704; CL 1887, §4328; RCivC 1903, §2024; RC 1919, §1529; SDC 1939, §39.0105.
Structure South Dakota Codified Laws
Chapter 01 - Definitions And General Provisions
Section 44-1-1 - Lien defined.
Section 44-1-2 - Classification of liens--Definition of terms--General lien--Special lien.
Section 44-1-3 - Application of general statutes to liens--Exception.
Section 44-1-4 - Creation of lien--Contract--Operation of law.
Section 44-1-5 - Security for performance of future obligations--Creation of lien.
Section 44-1-6 - Agreement to create lien on future interest--Attachment of lien.
Section 44-1-7 - Lien or contract of lien transfers no title to property.
Section 44-1-9 - Obligation to perform not implied from lien.
Section 44-1-10 - Lien limited to specified obligation.
Section 44-1-13 - Priority of lien securing future advances.